Opportunities in the Americas

Today’s market is being characterised by a definite turn towards cleaner and greener energy generation in Latin America and The Caribbean. Natural gas and LNG is supplementing large scale hydro as a base load in some regions, while in others it is providing an alternative to expensive petroleum-based fuels such as diesel and fuel oil for power generation - leading to some of the highest electricity prices in the world.

The region is undergoing a massive growth in renewables with Mexico and Chile taking the lead; the potential of solar and wind energy is only just starting to be realised.

While the region represents a significant untapped potential for energy production and demand, Latin America and the Caribbean have a complex relationship with natural gas. The potential resources must be harnessed in order for the region to further capitalise on its strong economic growth profile.

The Panama Canal may carry five times as much liquefied natural gas (LNG) in 2020 as it did last year as production of the fuel expands in the United States and Asian import demand rises; LNG volumes traversing the Canal could hit 30 million tonnesa year before the end of 2020.